TD Bank Group Announces Intention to Commence a New Share Buyback Program to Repurchase up to C$10 Billion of its Common Shares

TORONTO, Sept. 30, 2026 /CNW/ - TD Bank Group (TD or the Bank) (TSX: TD) (NYSE: TD) announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI), it intends to commence a new share buyback program to repurchase up to C$10 billion of its common shares, not to exceed 61 million common shares (New Buyback). The Bank intends to complete the New Buyback by July 2027.

The Bank completed the repurchase of C$7 billion of its common shares on September 25, 2026 (47.2 million common shares) under its existing Toronto Stock Exchange (TSX) normal course issuer bid (Existing NCIB), which commenced on January 20, 2026 and may remain in effect until its scheduled expiry on January 15, 2027.

The Bank will commence the New Buyback under its Existing NCIB. Thereafter, the Bank intends to launch a new TSX NCIB to continue repurchasing its common shares under the New Buyback, subject to TSX approval. The Bank may also repurchase its common shares on the New York Stock Exchange or other designated exchanges and published markets in Canada and the U.S. The New Buyback will represent up to 3.74% of the Bank's 1,633,130,726 common shares issued and outstanding as at August 31, 2026.

All purchases will be made in accordance with applicable securities laws and regulatory requirements. The price paid for purchased common shares will be the market price of such shares at the time of acquisition or such other price as may be permitted by the TSX, as applicable. All purchased common shares will be cancelled.

As at July 31, 2026, the Bank's Common Equity Tier 1, Tier 1, Total Capital and Leverage ratios were 14.26%, 16.12%, 17.90% and 4.55%, respectively.

Caution Regarding Forward-Looking Statements

This document contains forward-looking statements. All such statements are made pursuant to the "safe harbour" provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as "will", "intend", "may", and similar expressions or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements. By their very nature, these forward-looking statements require the Bank to make assumptions and are subject to inherent risks and uncertainties, general and specific. Such risks and uncertainties – many of which are beyond the Bank's control and the effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in the forward-looking statements. Please refer to the "Risk Factors and Management" section of the Management's Discussion and Analysis in the Bank's 2025 Annual Report, as may be updated in subsequently filed quarterly reports to shareholders. All such factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements, should be considered carefully when making decisions with respect to the Bank. The Bank cautions readers not to place undue reliance on the Bank's forward-looking statements. Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank's shareholders and analysts in understanding the Bank's financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. The Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf, except as required under applicable securities legislation.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves 28.2 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Banking, including TD Auto Finance U.S. and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among North America's leading digital banks, with more than 14 million active mobile users in Canada and the U.S. TD had $2.1 trillion in assets on July 31, 2026. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.

SOURCE TD Bank Group

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